Dai (DAI) is currently trading at $0.999764, reflecting a marginal 24-hour change of 0.01309%. The price has oscillated between a daily high of $1 and a low of $0.998637, indicating a tight daily range of 0.001363%, which is characteristic of stablecoins designed to maintain price parity with the US dollar.

Trading volume over the past 24 hours stands at approximately $63.55 million, with a volume-to-market cap ratio of 1.46%. The short-term moving averages (8, 13, 21, 55, and 144 SMA) are all closely aligned around $0.9996, showing a slight positive trend, yet they remain stable without significant volatility, which is expected for a stablecoin.

Both the 1-hour and 7-day RSI are currently at 50, indicating that Dai is neither overbought nor oversold. The 7-day price change is slightly negative at -0.0079%, while the 14-day change shows a minor positive adjustment of 0.0135%, suggesting short-term stability with no major directional momentum.

In terms of longer-term performance, the 30-day price change is down by -0.0685%, indicating a slight depreciation over the month, yet this is typical for stablecoins as they are designed to maintain a stable value. Dai’s all-time high remains at $1.22, recorded in March 2020, but current price action shows it is consistently hovering near its peg.

Given the current data, Dai is maintaining its function as a stablecoin without significant fluctuations or momentum shifts. Therefore, the recommendation is to Hold, as it is performing as expected within its design parameters without indications of imminent price movement in either direction.